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Many of our clients ask what home renovations provide the best Return on Investment (ROI). Here is a helpful list whether you are selling your Colorado Springs home or just looking for the next home project in a long term home.

Conclusion:

These are just some of the best ROI projects you can do on your home whether you are looking to get the best bang for your buck when selling a home or if you are trying to prioritize what project to do for a long term investment.

Kitchen and bath remodels can have a great impact on a home's value but can end up being more costly and take longer to do. You want to make sure to not over spend compared to finishes other homes in the neighborhood have.

Paint is another top ROI project that did not show up on this list so consider interior or exterior paint condition and colors to see if this could be an additional value added.

TransUnion recently released the results of a new study titled “The Bubble, the Burst and Now - What Happened to the Consumer?” The study shows that a substantial number of consumers (1.5 million) were effected by the housing crisis and are now reentering the housing market. The next 3 years will continue to see an increase of home buyers as their situations improve and rent prices continue to rise. Many of these home buyers are also wanting to reenter the market before home prices and interest rates effect the amount of home they can afford.

If you were one of the 5 million families effected by the housing crisis, now may be the time to jump ship from the increasing rent prices and own your own home again.

Pine Creek Homes For Sale

Checkout our new neighborhood page which showcases homes in Pine Creek! I definitely recommend checking out this page if you live in and around the Pine Creek area or plan on moving to the Pine Creek area in Colorado Springs. We will continue to update it with new information and up to date market reports, so make sure to bookmark it for continued visits. This site provides helpful Pine Creek information on the following topics:

Sales in December were 14.7% higher than those in November, which is the largest month-over-month increase ever recorded. November sales were lacking as the new TRID guidelines that were finally implemented created a backlog of delayed closings nationwide which ended up carrying over to December closings. It will be interesting to track where this goes over the following months.

Nationwide inventory levels are still below historic norms at 3.9-months supply while inventory is even lower in Colorado.

Nationwide median home prices are up 7.6% from last year, marking the 46th consecutive month with year-over-year price gains while Colorado has realized higher gains lead by Denver's housing market.

Bottom Line for Colorado Springs Homes - Inventory is going to remain very low and home prices are going to continue to maintain year over year gains. Luxury homes in Colorado Springs and Monument will see an increase in buyers while buyers will still be able to find good value in the luxury market.

Prices of homes in Colorado Springs and interest rate forecasts are extremely important to consider this year. Thinking of buying a home in 2016 or know someone who is? Rates are forecasted to go up as are home prices in Colorado Springs which could quickly effect the amount of home you'll be able to buy. Take a look at this projection chart above and see if finding a home in 2016 makes financial since to you or anyone else you know who is on the fence.

Listing inventory is extremely low and will continue to be in 2016 which is why Colorado Springs home builders will push to build the most new homes annually since 2006. How will this effect your plans?

Home Sellers - This will create additional inventory but with the extreme lack of inventory it should not rain on your parade in 2016. It will be interesting to track the effects of home builder inventory over the next 5 years though. If you have a home in a new home community you will need a good Colorado Springs Realtor to come up with effective marketing techniques to compete with new homes.

Home Buyers - Additional inventory is great news for you! The more the better they say and the same holds true when trying to find your dream home. Make sure you are working with a Realtor who has access to every resale property and new home option. When looking at new homes your Real Estate Agent should be able to show you the pluses and minuses whether buying a new home or resale.

Home values are on the rise in Colorado putting us at the lowest foreclosure levels in approximately 8 years! Colorado has one of the lowest rates for foreclosure around the nation which has contributed to the states extremely low housing inventory. Great news for those looking to sell their home as we have all seen those frustrating sales in our neighborhood where the banks gave away properties at a super low price. Have you seen the latest sold properties in your neighborhood? I bet you'd be presently surprised. Click here to view home values in your neighborhood.

Many homeowners are unaware of how much the equity in their home has increased. In fact, many homeowners are waiting to move for this very reason. Maybe looking to downsize, upsize, relocate, etc. 97.2% of homeowners in Colorado have positive equity and that percentage is expected to grow in 2016. Great time to sell before interest rates go up. Checkout these helpful infographics with the details and feel free to request a complimentary Home Equity Report.

The Median Sales Price was up 7.6 percent to $242,050 for single family-patio homes and 6.3 percent to $159,500 for townhouse- condo properties.

Days on Market decreased 15.7 percent for single family-patio homes and 17.1 percent for townhouse-condo properties.

With positive economic news coming from many angles, there are no imminent factors to prepare for beyond the typical seasonal drop-off. From the months of market-analyzing pundits, we are in the midst of one of the healthiest housing markets in the past 15 years. The one thing we were anticipating in September, an increase in interest rates, did not happen. It most likely will before year's end. Until then, get out and enjoy the season. Be sure to download the Free Detailed Reports below.

​Colorado Springs Foreclosures are down 11% from last month according to an article in The Gazette and are on a roll to be at the lowest level in 14 years. This is a great sign for the market and is a product of the much improved Colorado Springs real estate market. A better job market, increased property values, lack of supply, and increase in housing demand are the main reasons for this great news.

This is great news for homeowners trying to avoid foreclosure who are listing homes with Colorado Springs Short Sale Agents. Short sales are still hitting the market but the number has gone down following the trend of foreclosures.

This is bad news for investors trying to find Colorado Springs Foreclosures and Short Sales but if they use the right tools to get a jump on listings they should have a chance.